The inflight connectivity market comprises countless vendors within the aerospace industry, entailing Thales, Panasonic Avionics, and Honeywell and core vendors focusing heavily on providing inflight connectivity solutions such as Gogo, AirFi. Aero, Global Eagle, and Blue box Aviation. The worldwide vendors are projected to develop further during the review period by entering into alliances and strategic partnerships with the other players in the market.
According to the report analysis, ‘Inflight Connectivity Market – Global Forecast to 2024’ states that huge requirement from passengers for Internet connection inside flights is among the key reasons behind the augmenting demand for inflight connectivity solutions, especially for long period flights. The requirement for inflight connectivity is being propelled predominantly by short message services (SMS), email streaming as well as entertainment services & video sharing among passengers and earthbound family members through smartphones, tablets, and laptops. There is a similar form of augment in requirement for inflight connectivity solutions from the jets and private aircraft as well. The airlines are also aiming on the ancillary revenue through inflight connectivity via media & content distribution, ads, and other connected services.
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The improvement in connectivity technologies in developed regions, supportive policies to utilize personal electronic devices onboard, and growth in number of airline passengers fuel requirement for improved in-flight connectivity & content streaming services. However, high costs linked with networking technologies & connectivity hardware and an augment in data privacy & security issues are anticipated to restrict the implementation of wireless communication & connectivity services.
Emerging markets in underdeveloped regions such as Asia-Pacific, the Middle East, and Latin America are predicted to generate new growth opportunities for prominent players. In-flight entertainment & connectivity market players likewise Viasat Inc., Intelsat, Honeywell International Inc., and several others are predicted to supplement the growth of the market over the review period through their advances and expansions in developing regions.
The technological improvements in terms of wireless connectivity have allowed passengers to utilize personal electronic devices in airlines, consequently propelling the growth of the in-flight connectivity market. The ever-growing customers’ requirement for bug-free connectivity onboard is one of the imperative factors propelling the market growth.
North America registered the overall in-flight connectivity market with a market share in 2021. Regional airlines in wealthy countries are projected to increase their utilization of such systems, which is projected to keep the regional industry enlarging. Some of the region’s most well-known airlines, are continually functioning to convey compensating material over Wi-Fi or supply pills to passengers. Furthermore, the augmenting popularity of BYOD is probable to free airlines from the demand to nest back-seat screens, lowering total aircraft weight.
The Asia Pacific controlled great value of market share during 2021. The region is expected to observe a CAGR of 12% during the review period. The enlarging passenger traffic is driving market growth, raising the requirement for airplanes equipped with next-generation entertainment and communication technology. Countless of the region’s most prominent airlines deliver contemporary in-flight entertainment and connection facilities for their first-class clients.
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Ankur Gupta, Head Marketing & Communications